Search results
1 – 10 of 139
This has temporarily boosted the supply of forex, causing the naira to appreciate in the parallel market around December. However, this proved short-lived, with the CBN resorting…
Details
DOI: 10.1108/OXAN-DB259421
ISSN: 2633-304X
Keywords
Geographic
Topical
Instead it ordered that all foreign exchange purchases should occur through commercial banks. This move aims to stabilise the value of the naira by reducing effective domestic…
Details
DOI: 10.1108/OXAN-DB263667
ISSN: 2633-304X
Keywords
Geographic
Topical
The naira's partial float.
Details
DOI: 10.1108/OXAN-DB220688
ISSN: 2633-304X
Keywords
Geographic
Topical
The budget is built on unduly optimistic assumptions. Meanwhile, the Central Bank of Nigeria (CBN) is seeking loans to help clear foreign exchange (forex) backlogs while…
This follows the fallout from an August 18 decision by Emirates Airlines -- and subsequently others -- to suspend operations in Nigeria due to their inability to repatriate an…
This gives priority to selected local manufacturers who will now have easier access to forex at official rates. This forms part of a broader CBN programme aimed at supporting…
Details
DOI: 10.1108/OXAN-DB268192
ISSN: 2633-304X
Keywords
Geographic
Topical
Some observers have raised doubts about the solvency of Sri Lanka's banks amid the country's deepening foreign exchange (forex) crisis. Forex reserves stood at USD2.3bn at…
Details
DOI: 10.1108/OXAN-DB268315
ISSN: 2633-304X
Keywords
Geographic
Topical
The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…
Details
DOI: 10.1108/OXAN-DB273525
ISSN: 2633-304X
Keywords
Geographic
Topical
The government nevertheless remains under pressure from domestic critics and external stakeholders because of dwindling foreign exchange (forex) reserves and a growing debt…
Details
DOI: 10.1108/OXAN-DB263250
ISSN: 2633-304X
Keywords
Geographic
Topical
The CBN has previously warned banks against cryptocurrency transactions, arguing cryptocurrencies are not legal tender in Nigeria and create risks due to their volatility and…